Downtown San Diego Condo Information, Reviews and News

Selection of condos available for sale in Downtown San Diego will continue to be tight. As of November 2021, only 1.0% of the total condo market is up for sale (roughly 85 for sale out of 10,850 total condos).  If you want to buy a condo hurry up and start shopping in person and try to buy one before your choices become more limited and you eventually face more competition.  The for sale inventory is getting to a crisis level if your a buyer, lately there have been cases where in a 250 unit building there is nothing for sale at times.  On average most condos are selling within 27 days and at 99.1% of asking price. 

The downtown market has been the slowest area of SD to recover from Covid.  Reason is its a dense community and a lot of buyers stayed away from downtown last year.  Now with vaccines available and people not as afraid as they were last year, the out of town buyers are starting to come back looking and buying places.  Also everything is back open and residents can again "walk to everything".  The downtown market has a lot of momentum right now and is getting hotter with no signs yet of slowing down. 

I'm expecting very little turnover this year.   If you want a brand new condo, you have to wait till 2025 or later as there are no new condo buildings under construction at the moment.  A lot of owners have been doing total remodels on their existing condos, so its possible to buy a resale with a newer interior.  All but two condo buildings in downtown are over 10 years old now, most are 15-20 years old and just a select few over 20 years old. 

Condo prices in downtown have risen over 12% in the last 12 months and as you will see in the price history chart (link below) prices have really accelerated since the spring of this year. 

Click here to see my price history chart.

There are two huge construction projects going on in Downtown San Diego that will add several thousand jobs and buyers for near by residential properties.  To read about them see the articles on my blog. 

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